News

Michael McCarthy

Cardiff-based Rightacres Property Company confirmed its position as a leading commercial developer in Wales when it sealed the £10m purchase of a British Gas office block in the city last summer. Rightacres is owned and run by its managing director, 66-year-old McCarthy. It made £18.5m profit in 2007 and showed £45m net assets. With other business interests and his firm's new schemes under way, McCarthy is worth £40m.